FundNYSEARCACommodities (Natural Gas)

USCF United States 12 Month Natural Gas FundĀ® LP

UNL NYSE Arca

The United States 12 Month Natural Gas FundĀ® LP (UNL) is an exchange-traded security that is designed to track the price movements of natural gas. UNL issues shares that may be purchased and sold on the NYSE Arca. The investment objective of UNL is for the daily changes in percentage terms of its s...

5.16USD
āˆ’3.03 (āˆ’37.00%) 1 Year Ā· close Oct 30

Hover to inspectDrag to measure a move← → to step through days

Fund size
2.85M
as of Feb 2020
Expense ratio
0.90%
per year
Dividend yield
0.00%
Trailing 12 months
Volatility Ā· 1Y
34.9%
High Risk
Beta
0.03
vs the market
52-week range
5.168.91
01 Performance

How UNL has paid off

Price return over every period, and total return with dividends reinvested, set against price alone.

Return by period

Price Ā· to Oct 30
Subpar performance Select a period to update every chart on the page.

Total return vs price return

Price only
0.0 pts
-40%-30%-20%-10%0%10% UNL āˆ’37.0% Price āˆ’37.0%

Over 1 year, UNL returned āˆ’37.0% with dividends reinvested — dividends added 0.0 pts to the price move.

02 Risk

How bumpy is the ride?

Return only means something next to the risk taken to earn it. Volatility, drawdowns and market sensitivity over 1 year.

Volatility

Annualized Ā· 1Y
34.9%High Risk

A typical year sees the price swing about ±35% around its trend.

Drawdown from peak

How far below its previous high the price has been
āˆ’42.1%
0%-24%āˆ’42.1%

Deepest fall āˆ’42.1% on Oct 30, 2026 — 329 days after the previous high
More than 5% below a high 90% of the time.

Market sensitivity

Beta
Market moves+10.0%
UNL tends to move+0.3%

A beta of 0.03 means UNL has moved less than the market.

Sharpe ratio -1.30 Return earned per unit of volatility
03 Technicals

Trend & momentum

Where the price sits against its moving averages, and how stretched the recent move is.

Price vs moving averages

Downtrend
5.16
  • 12-day average5.40 āˆ’4.4%
  • 26-day average5.55 āˆ’7.0%
  • 50-day average5.69 āˆ’9.3%
  • 200-day average6.41 āˆ’19.5%

The price is above 0 of 4 averages. The 50-day average is below the 200-day, a sign of a falling longer-term trend.

Relative strength (RSI)

Oversold
OversoldOverbought14.2

RSI compares recent gains with recent losses on a 0–100 scale. Above 70 a move is often considered stretched, below 30 washed out.

Technical indicators describe past prices. They are not a forecast.

04 Fund

Inside the fund

Commodities (Natural Gas) Ā· Commodity Pools — tracking the S&P GSCI Natural Gas Index.

  • Assets under management2.85MUSD
  • Expense ratio0.90%per year
  • Holdings40
  • Risk score6.0Medium

Launched January 2010. Fund data as of Feb 28, 2020.

05 Themes

Where UNL shows up

Curated themes and indices that hold UNL. Open one to see it in context, or test the whole theme in a portfolio.

06 Profile

About USCF United States 12 Month Natural Gas FundĀ® LP

The United States 12 Month Natural Gas FundĀ® LP (UNL) is an exchange-traded security that is designed to track the price movements of natural gas. UNL issues shares that may be purchased and sold on the NYSE Arca. The investment objective of UNL is for the daily changes in percentage terms of its shares NAV to reflect the daily changes in percentage terms of the price of natural gas delivered at the Henry Hub Louisiana, as measured by the daily changes in the average of the prices of UNL's Benchmark Futures Contracts, less UNL's expenses. UNL's Benchmark is the near month futures contract to expire and the contracts for the following 11 months, for a total of 12 consecutive months.

  • Featured in 2 curated themes
  • 40 holdings
Ticker
UNL
Exchange
NYSE Arca
ISIN
US91288X1090
CUSIP
91288X109
Currency
U.S. Dollar (USD)
Country
USA
Sector
Commodities (Natural Gas)
Industry
Commodity Pools
Benchmark
S&P GSCI Natural Gas Index
All key statistics

Details

NameUSCF United States 12 Month Natural Gas FundĀ® LP
TickerUNL
ISINUS91288X1090
CUSIP91288X109
ExchangeNYSEARCA
CategoryCommodities (Natural Gas)
Sub CategoryCommodity Pools
CountryUSA
CurrencyU.S. Dollar
Inception DateJan 4, 2010
BenchmarkS&P GSCI Natural Gas Index

Shareas of Oct 30, 2026

Close Price USD5.16
52W Low / High 5.16 / 8.91
1Y Total Return-36.06%
Subpar
1Y Volatility34.61%
High Risk
Beta0.03
12M Dividends0.000
Last Dividend Date-
Dist. Frequency-
Dividend Yield0.00%

Dataas of Feb 28, 2020

AUM2.8 M
Discount/Premium0.700%
NAV7.12
Shares Outstanding400 K
Volume 20D Avg5.2 K
Nbr of Holdings40
Risk RankMedium
Net Expense0.900%
Options available-
Next step

Put UNL to the test

See how it would change the return and the risk of a portfolio, with virtual money, before a single real dollar moves.

Test UNL in a portfolio

Data for information only, not investment advice. Past performance does not guarantee future results.